Anti-dumping duty likely on a chemical from 3 countries

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..... Anti-dumping duty likely on a chemical from 3 countries - News and Press Release Dated:- 24-1-2018 - News - New Delhi, Jan 24 (PTI) India may impose antidumping duty on a chemical used in pharma industry from China, Germany and Saudi Arabia as the commerce ministry has started a probe into an alleged dumping of the product following complaints by domestic players. Balaji Amines Ltd has file .....

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..... d an application before the Directorate General of Antidumping and Allied Duties (DGAD) for initiation of anti-dumping investigation on imports of 'Di Methyl Formamide' from these three countries. The DGAD, under the commerce ministry, has said in a notification that it has found sufficient evidence of dumping of the chemical from these countries. The authority hereby initiates an .....

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..... investigation into the alleged dumping, and consequent injury to the domestic industry , the notification said. If established that dumping has caused material injury to domestic players, the directorate would recommend imposition of anti-dumping duty on the imports. Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in be .....

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..... low-cost imports. As a counter measure, they impose duties under the multilateral regime of WTO. The duty is aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters. India has already imposed anti-dumping duty on several products to tackle cheap imports, including from China. The country has impos .....

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..... ed the duty on as many as 98 products, as on December 27 last year, imported from China. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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